The provision of adequate affordable housing for Lagosian will initiate a notable growth. This will provide shelter for the people and
also bring about lots of infrastructural development. Thereby meeting some of the social needs of the populace. Lagos is regarded as
the central business district of Nigeria. But with the rising cost of housing in Lagos Nigeria it’s brunt is mostly felt by the average
and low income earners. The impact can be felt in unusual ways from individual consumption rate to the inability to give their kids a
well rounded education.

The rising cost of houses in Lagos Nigeria could be said to have a negative impact on the society on a long run as these kids later turn
out to be the bane of the society involving in different criminal activities.

However the rising cost of housing in Lagos Nigeria can be attributed to the rapid growth of it’s population causing a significant difference
between the demand for housing and its supply. Also the absence of proper monitoring and evaluation of public housing policies and programs.

Another reason for the rising cost of houses in Lagos Nigeria can be associated With the high cost of building materials as a result of the cost
of production due to unchecked manufacturing activities and importation.

Other factors influencing the rising cost of housing in Lagos Nigeria include;
Absence of proper monitoring and evaluation of public housing policies and programs due to Poor government administration, inadequate funding,
insufficient infrastructural amenities, as well as inadequate housing finance.

Lagos relative to other states in the country is faced with a rapid growth of it’s populace, which if unchecked would lead to overpopulation and
subsequently a decline in the standard of living. Hence, the need for an urgent solution to adequate and affordable housing supply to the growing
population of Lagos is imperative, if the problem of the rising cost of housing in Lagos is to be solved.

With the rise in the cost of renting and acquiring a property comes the need for property management firms such as Property4Naija ( https://www.property4naija.com ) an affiliate of Elegant Castle Properties Ltd. a foremost professional real estate consultancy services firm in Ikeja Lagos, managed by a team of seasoned real estate practitioners. Whose services include; property and facility management (commercial, residential or industrial), property marketing (sales, lease and lettings), property development and other professional services as they make the hassle of renting or acquiring a property less cumbersome.

Here is a link to this article; https://property4naija.com/the-need-for-affordable-housing-in-lagos-nigeria/